Friday 7 July 2023

Net bearish week

US equity indexes closed rather mixed, SPX -12pts (0.3%) at 4398. Nasdaq comp' -0.1%. Dow -0.5%. The Transports settled +1.0%. R2K +1.2%

SPX - daily

VIX - daily

Summary

US equities saw considerable chop, if with the SPX clawing upward to 4440. From 1.30pm, there was some cooling, with a mini spiral to 4397, and settling at 4398.

Volatility was subdued, the VIX settling -3.9% to 14.83.
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Goodnight from London
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